Lin is a restricted free agent, so the Knicks can match any offer he receives. Players can’t sign new contracts until July 11, the last day the select team will train against the Americans in Las Vegas.

“Unfortunately, I am not going to be able to participate in the 2012 USA Men’s Select Team this summer,” Lin said in a statement. “It was such an incredible honor to be selected, but I have withdrawn my name from the team because of my status as a free agent. I hope to have the opportunity to participate with USA Basketball at some point in the future.”

USA Basketball also said Monday that Boston center Greg Stiemsma won’t take part because of plantar fasciitis in his foot. Philadelphia guard Jrue Holiday was added earlier Monday to the squad.

Should Lin have suited up for the select team anyhow? Be heard in the comments below…

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